Re: Need Help ~ Keep House, but???

Just my opinion...bk7 would not be all that bad of an idea. I'm sure her fico scores are already trashed and her debt to income is through the roof. bk7 doesn't even seem to be that bad of an option...I think the government and credit card companies etc just want you to believe it is the worst thing you can do to yourself when in all actuality, it isn't...I know MANY people who have filed BK and rebuilt their scores up higher than they were before filing within 2 years...You can still buy a home, a car, get credit cards, etc. Sure it may cost a little more, but if you buy a home with FHA you still get the best rates (bk or no bk)....thats just my 2 cents.

Re: Need Help ~ Keep House, but???

Their eldest son is married with FOUR KIDS and he's not even 30!!! No, he's on a very tight budget. The twit didn't even finish school, but has a decent job. I think they owe about $5,000 still on the s/l. They're working on a new plan since it's private.

They did apply for a home equity, but their area is depressed and they were denied. Now, they have the youngest getting ready to graduate....and they cannot help him. He'll just have to go to community. Hopefully, the economy will turn around.

Dave is very handy with a tool belt....we're checking craigslist...etc for jobs. He's also a fabulous painter. Trying it all here. Thanks for everyone's suggestions.

And DEFINITELY have them speak with their doctor about getting samples of the non-generic drugs. See if signing up for a program at a pharmacy could reduce their generic prescription cost as well.

Craigslist is a great idea for extra work, as is Etsy, but I definitely don't think there should be any shame in asking her church for support, even if it's just things like groceries and what not. There might even be other doctors through her church that could help her with drug samples if her own doctor doesn't have any.

Re: Need Help ~ Keep House, but???

The main thing they need to think about is keeping the home, thats priority and should come first. Anything outside of the home can be considered for default. I would only pay the accounts that are most important to me. I know she doesnt want to damage her credit reports any more but she has to determine whats best for their situation right now. She has to do what she has to do to stay in that home. Credit Cards can be replaced alot easier than a home. When you think about it she not really in that much debt, so she can definitely work this out.

Does she not have a mom and dad, brothers and sister, aunts/uncles that might be able to help her? I'm wishing you guys the best. To be honest we really dont know until we're in that situation. God Bless!

- Ask for financial help on the Internet. Searching for "asking for financial help on the internet" yields more non-totally-wacky answers than one might imagine.

- Also, "how to make money on the internet" yields some more non-totally-wacky ideas.

Although it occurs to me that they may have given up internet connectivity. Ouch.

If they do go fishing on the Internet this may be a totally obvious suggestion, but I would advocate a "throw down" gmail account, "jonesfamily534@gmail.com" or whatever, which can be forwarded to a real account. That way when the crazies and the spammers eat the throw down account alive it can be tossed overboard.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair
organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or
assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.